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प्रश्न
What are public deposits?
Briefly explain the following source of finance.
Public Deposits
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उत्तर
- Public deposits refer to the unsecured deposits invited by companies from the public, mainly to finance working capital needs.
- A company wishing to invite public deposits makes an advertisement in the newspapers. Any member of the public can fill up the prescribed form and deposit the money with the company.
- The company, in return, issues a deposit receipt. This receipt is an acknowledgement of debt by the company. The terms and conditions of the deposit are printed on the back of the receipt. The rate of interest on public deposits depends on the period of deposit and the reputation of the company.
APPEARS IN
संबंधित प्रश्न
Draft a Letter to the depositor informing him/her about payment of interest.
Write a word, term, or phrase that can substitute for
the following statement:
The authority which has power to accept deposits.
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
Select the proper option from the option given below and rewrite the sentences:
Company can accept deposits from public, maximum for _____ months.
Write notes on (Any Three)
Repayment of Deposits.
State, with reason, whether the following statement is True or False.
A public company can receive deposits from the public to any extent.
Draft a letter to a depositor informing him about payment of interest.
With reference to business finance, explain the following:
Public Deposits
Multiple Choice Question:
Public deposits are deposits that are raised directly from
State the merits and demerits of public deposits and retained earnings as methods of business finance.
Public deposits are deposits made by the public in nationalised banks.
A public deposit is a deposit made by public in the nationalised banks.
Discuss the importance of public deposits as sources of medium and short-term finance.
Explain the pros and cons of public deposits as a source of business finance.
Describe the disadvantages of public deposits.
